Best Banks for LLCs in 2025: Where to Open Your Business Account
- RND Solutions
- Sep 16
- 2 min read
Starting an LLC is a big step, but choosing the right bank account is just as important. The bank you pick can impact your fees, flexibility, and even how smoothly you manage your cash flow. In this post, we’ll break down the best banks for LLCs in 2025—covering traditional banks, online options, and what features to look for.
Why Choosing the Right Bank Matters
Your LLC is a legal entity, and separating personal and business finances is essential. The right bank helps you:
Keep finances organized for taxes and bookkeeping.
Build business credit history.
Accept payments easily from clients.
Access loans, credit, and financial tools.
Top Traditional Banks for LLCs
1. Chase Business Complete Banking®
$0 monthly fee with $2,000 balance.
Free integrations with QuickBooks.
16,000+ ATMs and strong nationwide presence.
2. Bank of America Business Advantage
Rewards program tied to business credit cards.
Cash flow management tools.
Large branch network for in-person service.
3. Wells Fargo Initiate Business Checking
$0 fee with $500 balance.
13,000 ATMs across the U.S.
Good for LLCs that prefer in-person banking.
Best Online Banks for LLCs
1. Bluevine Business Checking
4.25% APY on balances up to $250K.
No monthly fees.
Excellent for digital-first LLCs.
2. Mercury
Designed for startups and tech businesses.
Free domestic wires.
Virtual and physical debit cards.
3. Novo
Easy integrations with Stripe, PayPal, and Shopify.
No monthly fees.
Great for e-commerce and small service LLCs.
Credit Unions & Local Banks
If your LLC is community-based, a local credit union may be a strong choice. Benefits include:
Lower fees.
More personalized service.
Potentially easier access to small business loans.
What to Look for in an LLC Bank Account
When comparing banks, pay attention to:
Monthly fees & minimum balance requirements.
Transaction limits (some accounts cap free transactions).
Integrations with bookkeeping software like QuickBooks or Xero.
Lending options if you plan to apply for credit.
Customer support—in person, online, or both.
Final Tips
Open your business account right after forming your LLC to keep finances clea
Compare at least two options: one traditional bank + one online option.
Reevaluate annually—what fits your LLC today might not fit in 2 years.
Bottom Line: The best bank for your LLC depends on your business model. Traditional banks like Chase or Bank of America work well if you need in-person access, while online banks like Bluevine and Mercury are ideal for digital-first entrepreneurs.